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Newcastle's CellulaREvolution raises 拢1.75m in drive to bring lab-grown meat to consumers' plates

The university spin-out has developed cell growth tech that offers an alternative to factory farming of animals

Dr Martina Miotto, chief scientific officer and co-founder of Northern Accelerator spin-out CellulaREvolution.(Image: CellulaREvolution)

CellulaREvolution has secured £1.75m from a group of investors led by Hong Kong venture capital firm Happiness Capital.

The Newcastle University spin-out will use the funding to accelerate research and development, and boost its commercial team as it prepares to take its bioreactor technologies to market.

Investor Allusion One has also contributed to the funding, which follows seed investment of £1.2m in January last year and will be instrumental in delivering new types of meat to consumers' plates.

Read more: Newcastle's CRL Foods secures £410k investment to grow production

Cultured meat - which is meat grown by tissue engineering techniques - is seen as having huge potential, not least because it requires far fewer resources to produce than conventional meat and therefore a smaller environmental impact.

However, cell culture technology is complex and costly for producers - which is where CellulaREvolution's innovations come in.

The company says a small steak could take a single bioreactor one month to produce using existing processes, whereas its biotechnology could shorten that to a few days.

Eric Ng, CEO at Happiness Capital, said: “We have taken an in-depth look at the industry and considered that CellulaREvolution has a unique b2b offering which is expected to have a huge impact on the cost-efficient commercialization of cultured meat in the coming years.